Here's How Healthpeak Can Afford Its 5.8% Dividend Yield
There are three large healthcare real estate investment trusts (REITs): Welltower (NYSE: WELL), (NYSE: VTR), and Healthpeak (NYSE: PEAK). The first two have yields of 3.1% and 3.8%, respectively. Healthpeak's yield is 5.8%. What's going on here? And more important, can Healthpeak support that elevated yield?
Historically speaking, Welltower, Ventas, and Healthpeak are considered diversified healthcare REITs. That's still true of Welltower and Ventas, which both have exposure to a broad range of healthcare property types, including senior housing. A few years ago Healthpeak chose to get out of senior housing, instead focusing largely on medical office and medical research assets. It still gets lumped in with the other two more diversified REITs, but it isn't exactly the same anymore.
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Source Fool.com
Ventas Inc. Stock
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On the other hand, the target price of 49 € is below the current price of 49.51 € for Ventas Inc., so the potential is actually -1.03%.
